Just 7 of 38 Korean Cryptocurrency Platforms Passed Security Test

Financial Supervisory Service regulators in South Korea have been notoriously harsh on their push for secure Korean cryptocurrency platforms.

To ensure the exchanges are bullet, authorities conduct routine checks on the platforms security measures. With approximately $2 Billion USD being held by these exchanges it is of utter importance that investors have a security guarantee.

The South Korean regulator which include the finance ministry and the Korea Internet and Security (KISA) report which showed that only 7 of the 38 exchanges passed all 85 security checks.